A friend came over last night, and we drank until 5 AM before he left. I didn't get up until the afternoon. The weather is also unpredictable, with sudden heavy rain followed by sunshine, just like the market, sometimes dropping and sometimes rising, making it hard to grasp.

Overall, BTC has been too slow this week, with a poor rhythm. On Monday, it strongly broke through 1060, and that momentum seemed to aim for 110,000, but now it's already Friday, and after touching 108, it dropped back to 106-107.

With so many great news this week, it shouldn't be moving at such a slow pace. The continuity is very poor; perhaps both sides' chips are not enticing enough. Having just the black silk is not enough to make people excited...

Back to the market, on the 1-hour structure chart, 1068 has been broken twice and then rebounded, once to 1080 and once to 1076. Today's rebound cannot exceed 1076, otherwise, it will challenge the strong resistance level around 1085-1088.

Conversely, if it continues to move down and breaks below 1068, it will test the small support levels of 1052-1045-1040. If it can drop below 1040, the Three Gorges Dam will start to release water...

Here at 103-105, short positions are trapped, keeping the strong liquidation price, there's a good chance of breaking even, but I'm afraid you'll act recklessly. After the price drops, there may be no position left.